The Philippine Economy Is Finally Bottoming Out, Says HSBC’s Incalcaterra

The video discusses the Philippine economy's recovery after a period of underperformance, highlighting fiscal spending and infrastructure as key drivers of growth. Inflation is under control, and the economy is expected to rebound strongly. However, risks such as the current account deficit and currency depreciation are noted.

What was the main reason for the Philippine economy's underperformance before the recent inflection point?

• Delayed budget approval and spending ban

• High inflation rates

• Decrease in remittances

• Global economic slowdown

How is the inflation trend expected to change in the Philippines next year?

• It will rise slightly but stay within the central bank's target

• It will remain constant at zero

• It will decrease further below zero

• It will increase significantly beyond the target

What factor is NOT mentioned as contributing to controlled inflation in the Philippines?

• Weak demand

• Central bank interventions

• Improvements in food supply

• Increase in rice prices

What is the primary driver of economic growth in the Philippines according to the third section?

• Consumer spending

• Export growth

• Infrastructure spending

• Tourism

What is a potential risk associated with increased infrastructure spending in the Philippines?

• Reduction in consumer spending

• Increase in the current account deficit

• Decrease in employment

• Strengthening of the peso